Saturday, September 19, 2020
The Malaysia External Trade Development Corporation (MATRADE) has helped 13,813 local companies penetrate the global market during the 2015-2019 period through 466 export promotion activities and exporter development programmes. Deputy International Trade and Industry Minister, Datuk Lim Ban Hong said MATRADE also promoted 337 Malaysian brands from various sectors during the period....
The COVID-19 pandemic has become a catalyst for the ASEAN market to adopt e-commerce earlier than forecasted. Chief Operating Officer of Malaysia Digital Economy Corporation (MDEC), Datuk Ng Wan Peng said prior to the pandemic, MDEC forecasted ASEAN e-commerce users to reach 310 million by 2025. “COVID-19 has prompted more...
Invest Selangor has launched the Selangor Business Hub (SBH) in its effort to provide a virtual networking platform for businesses in the state and curb the economic contraction due to the COVID-19 pandemic. The Selangor Business Hub is expected to provide another channel of communication for businesses to engage and...
Malaysia, France to strengthen economic relations The Malaysian Investment Development Authority (MIDA) has welcomed a proposal by France’s MEDEF International to ink a memorandum of understanding (MoU) to strengthen economic relations between both nations. International Trade and Industry Deputy Minister Datuk Lim Ban Hong said the MoU will make MIDA the...
AstraZeneca puts leading COVID-19 vaccine trial on hold over safety concern Pharmaceutical company AstraZeneca said it has paused global trials, including large late-stage trials, of its experimental coronavirus vaccine because of an unexplained illness in a study participant. The vaccine, developed with the University of Oxford, has been widely seen...
Japan's Suga vows to put growth ahead of fiscal reform, signals status quo of Abenomics Yoshihide Suga, on course to become Japan's next prime minister, said he would maintain incumbent premier Shinzo Abe's policy prioritising economic growth over efforts to fix the country's tattered finances. Suga, Japan's chief cabinet secretary,...
Tmall Global to Welcome 2,600 New Overseas Brands at 11.11 Shopping Festival Tmall Global aims to welcome 2,600 new international brands from markets including Malaysia and incubate over 2,000 in-demand overseas products, each with a GMV surpassing RMB 1 million, at the 11.11 Global Shopping Festival. According to Tmall Global, the...
Halal Development Corporation (HDC) will hold the World Halal Conference 2020 on 6 October 2020. HDC chief executive officer, Hairol Ariffein Sahari said the recent global pandemic has led to consumers shifting towards cleanliness, hygiene and healthy, synonymizing with halalan toyiban, an integral backbone to the halal industry. “These unfolding...
Malaysia will impose an entry ban on citizens from countries with more than 150,000 COVID-19 cases starting from 7 September. Senior Minister Datuk Ismail Sabri Yaakob said the list of countries include the United States, Brazil, France, United Kingdom, Spain, Italy, Saudi Arabia, Russia and Bangladesh. He added that...
iProperty.com.my has unveiled i360, a virtual showroom platform for new property launches. i360 provides an immersive virtual tour for property seekers to view their preferred properties at their own convenience. Due to the COVID-19 pandemic, many Malaysian homebuyers are looking at virtual showrooms to adapt to the new normal of...
Standard Chartered Malaysia and Credit Guarantee Corporation (CGC) have signed an agreement that will make available MYR100 million in financing to help small and medium enterprises (SMEs). Datuk Mohd Zamree Mohd Ishak, President and Chief Executive Officer of CGC, said: “This SCB-CGC RM100 million PG aims to provide working capital...
The Malaysian Industrial Development Finance (MIDF) has introduced a new financing scheme to encourage more companies to adopt technologies. The new scheme, called theSoft Financing Scheme for Digital and Technology (SFDT) is carried out through its Development Finance Division (DFD). The SFDT, channelled through the Ministry of International Trade and Industry...